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'm jim axelrod. many americans saw gas prices go up a bit this week. californians saw them skyrocket. nationally, the average stand at $3.81 a gallon, up roughly $.supper 2, but in california prices exploded to a record high average of $4.61 a gallon, up d.n.a that's a $.47 in a week and makes it the most expensive gas in the country. as john blackstone reports, this could only happen in california. >> in the golden state, gas gold. the rush is on to fill up at a los angeles-area station where the price is only $4.55 a gallon for regular. that looks reasonable to drivers who say many stations charging $5 a >> $10 in gas isn't even going to give me a quarter of a tank. it's really out of control. >> reporter: aaa reports the average high is $4.61. a record high $4.61, it's well above that in many metropolitan areas and in some stations far above that. >> i got gas yesterday at $4.69 d i got gas yesterday at $4.69, and today i saw this at $5.69. 9.said no, i'm not going to get get f reporter: in san francisco, the average is $4.69 a gallon. the lack of buyers at a station charging $5.
romney was in as well at bain capital. >> that's correct. >> it's become a subject of critic jim from the obama campaign with respect to what he did and whether he created jobs or not. should bain capital be an issue in this cain? -- campaign? >> everything is subject to be criticized in a campaign. the private equity has helped revolutionize business around the world. private equity is designed to make companies more efficient. it has an effect of make being jobs be created and that's not the principal purpose but very often we save jobs. one of the most important things is we make good returns that go to public pension funds. private equity has bean great thing for american business and the envy of the world. >> there's tissue of carried interest. >> that's correct. >> which puts you at a lower interest rate than some think you should be. taxed at a capital gains rate rather than ordinary income rate. do you think that's fair? >> in the context of comprehensive tax reform everything should be looked at. we have to recognize we have a $1 trillion annual deficit. unless we deal with w
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